November WPI inflation plunges sharply to 0.0% versus 1.77% in October

November WPI inflation plunges sharply to 0.0% versus 1.77% in October

December 23, 2014

India’s wholesale inflation fell to zero in November, lowest since the post financial crisis deflation in July 2009, following dramatic fall in fuel and food prices, cementing expectations of an early interest rate cut by the Reserve Bank of India (RBI) to stimulate the struggling economy. Read more